Tools

Scheme members are supported by a range of online tools that are optimised for use on all types of device. They make it easy for employees to get started, manage their investments, and make informed ongoing decisions regarding their pension. These tools include:

  1. Convenient online account management facility

    Manage Your Account is an online pension administration service designed to make it simple for employees to manage their workplace pension. It enables scheme members to:

    • View their own investments and switch between funds
    • Access our ‘favourite funds’ feature (allowing employees to select funds that are of interest and save them to their profile)
    • Change where their money is invested
    • View and request pension benefit statements
    • Access retirement planning and attitude to risk tools
    • Video tutorials to help with retirement planning

  2. Retirement planning tool

    Our simple-to-use, interactive Retirement Living Standards tool allows employees to understand how much income they will need in retirement based on the lifestyle they want to have. They’re able to see how their retirement income might be affected if, for example, they chose not to run a car but spend more on holidays. The planner allows members to factor in rent and other annual expenditure and has an option to state whether people are in or outside London, and to display their income before or after tax.

    Our Retirement planner tool lets employees experiment with the different variables of pension investing – contribution levels and retirement age - and compare their retirement income options.

    They can see the income they might expect to receive from their savings depending on factors such as how much they save and how long they save for, and how they choose to take their benefits when they decide to access their savings. They can also get an idea of the cash lump sums and income that might be generated by the different options such as annuity, income drawdown or taking a cash lump sum.

  3. Online enrolment management

    Our ‘WorkSave Choice’ is an online enrolment management service which enables members to:

    • View and amend their details
    • Find out more about their pension and investment options
    • Opt out if they wish to leave the scheme
    • Interact directly with us (which saves employers time)

  4. Budgeting tools

    Our handy cash finder tool is designed to show members how cutting down on non-essential items could free up some extra cash to boost their retirement savings.